Regulators seek more data about credit derivatives

US - U.S. bank regulators, saying the notional amount of credit derivatives at banks has increased more than sixfold since 1997, from $55 billion to $352 billion, are proposing new reporting requirements on credit derivatives.

The requirements focus on what are known as bank call reports, which banks file with the federal bank regulatory agencies each quarter; these are used to monitor the condition and risk profile of reporting banks and the industry as a whole.

In a joint notice, the Federal

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